Non-durable goods Market Size, Share, Growth, and Industry Analysis, By Type (Food, Drinks, Medication, Cleaning Supplies, Cosmetics, Office Supplies, Apparel & (Cigarettes and Tobacco)), By Application (Offline & Online), and Regional Forecast to 2032

NON-DURABLE GOODS MARKET OVERVIEW

The global non-durable goods market size expanded rapidly XX in 2023 and is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.

The non-durable goods market refers to the market segment comprising of products that are consumed in the market within a period of three years, for example, food products, beverages, clothes, and other personal products. Following consumer buying behaviors, the market is sensitive to changes in the economic situations and technologies that affect the manufacturing and marketing of products. The non-durable consumption goods are important in the world economy because they are frequently consumed and their demand rate keeps on changing constantly.

GLOBAL CRISES IMPACTING NON-DURABLE GOODS MARKETCOVID-19 IMPACT

Non-durable goods Industry Had a Positive Effect Due to Increased Demand during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing Higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Pandemic COVID-19 had a noticeable positive effect on the non-durable goods market since it triggered the demand for products such as food, hygienic, and cleaning products. Due to the COVID-19 restrictions and health consciousness, consumers realized the need to have a sufficient stock of daily-use items, and thus the market evolved. An additional need for hygiene and sanitizing products also affected developments and growth in the sector. Further, the COVID-19 pandemic transitions towards e-commerce also helped the market grow as consumers shifted to online shopping for non-perishable products.

LATEST TREND

"Market growth is driven by eco-friendly products"

Several trends that are currently present in the non-durable goods market include going green being the norm. People are becoming more conscious about the environment and are using products that are environmentally friendly and biodegradable, and as a result, firms are devising new ways of packaging their products. The third important development is the growth of accessible Internet stores that cause the availability of non-durable goods. Further, new packaged and health-wise products are becoming more and more demanded in food and personal sales areas because of new tendencies.

NON-DURABLE GOODS MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Food, Drinks, Medication, Cleaning Supplies, Cosmetics, Office Supplies, Apparel & (Cigarettes and Tobacco)

• Offline & Online Food The segment for food in the nondurable goods market is also progressing with a steady rise in demand for offline and online purchases. The availability and accessibility of food products resulting from e-commerce platforms has helped expand markets.
• Drinks The drinks segment has also posted constant growth because of the higher intake of alcoholic and non-alcoholic products. Pleasure demand has continued to drive bottled drinks, juices, and energy-enhancing drinks because people desire the interruption of taking easily consumable drinks by simply opening the container top. It is also seeing the continuing phenomenon of consumers opting for healthier products such as plant-based drinks and ‘better for you’ waters.
• Medication There is a giant market for the medication segment resulting from increased healthcare consciousness and OTC and prescription drugs. Other delivery methods have also come under strain, with online pharmacies growing more popular to make prescriptions easier to obtain.
• Cleaning Supplies Currently, the service of selling cleaning supplies forms a large market and has expanded rapidly due to the new bias toward hygiene during the COVID-19 period. Consumers now turn to purchasing items such as disinfectants, sanitizers, and cleaning products for use at homes as well as in businesses. Online shopping has also helped in extending the physical accessibility of cleaning products as well.
• Cosmetics The cosmetic segment in the non-durable goods market is one of the most growing segments due to the booming demand for skincare, hair care, and beauty products. Bosses hurry and have no time to make all cosmetic products themselves, so they started to distribute money all around, so both qualitative and cheap cosmetics were created. Further, the luxury cosmetics have benefited from features such as the online shopping option and the influencer marketing strategy.
• Office Supplies The office supplies have recorded a continued demand due to the current working from home or the mixed model. Staple products such as printers, papers, pen and writing materials, stationery, and even office furniture are still very relevant in people’s lives. With the help of e-commerce organizations, the buying of office supplies became convenient for businesses and consumers due to buying products directly from manufacturers as well as other retailers.
• Apparel Continued status of apparel segment: The position of the non-durable goods market remains strong, thanks to fashion sensitiveness and calendar effects. With an advance in the standards of living, customers are shifting more and more towards fast fashion, and as a result, they prefer to shop for clothes online. Moreover, sustainable trends are existing within the apparel market, especially concerning the type of fabric and method of production being used.
• Cigarettes and Tobacco Due to escalating health consciousness and the modification of authorized control measures, the traditional demand for the cigarettes and tobacco segment suffers a decline. But there are similar products, such as e-cigarettes and vaping devices, which are rising in competition, promising fresh opportunities within this market. Although smoker rates continue to fall, tobacco products remain an important constituent in the non-durable goods market.

BY APPLICATION

Based on application, the global market can be categorized into Offline & Online

• Offline This report confirms that the offline segment of the non-durable goods market remains viable because of the persistent tendency of consumers to prefer buying such products in store rather than online, especially food products, cleaning supplies, and personal products. Some benefits include easy access to products and physical attempts to examine certain products before making a purchase. Hence, even with the advancement of online retail, face-to-face retailing retains market for those customers who are willing to repudiate the time and effort to gain immediate access to the product.
• Online Market segment Specific: The non-durable goods market has had a boost in the online segment due to enhanced internet use and e-commerce in particular. Many buyers love the services because they can order the products from the comfort of their homes, and the prices offered are affordable. The social market also proposed the ease of comparing products and unanticipated promotional discounts as well as home delivery, which has again boosted the growth of the market.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                

DRIVING FACTORS

"Market growth is driven by convenience products"

Increased consumption of non-durable goods is also a result of the changes in lifestyle brought about by the time factor. Customers are now inclined toward using convenience products or goods that are ready to use or consume, which are mostly food packets, cleaning products, etc. Because of this shift toward convenience, the market propulsion stays ongoing as well as driven.

"Market growth is driven by hygiene consciousness"

The outbreak of COVID-19 has increased consciousness about health and hygiene, thus boosting the market for non-durable consumer goods such as sanitizer, disinfectants, and protective wear. Consumers are appreciating hygiene, and this will lead to a sustainable market for health-oriented products. Thus, non-durable goods market growth is projected to remain consistent as hygiene becomes a habitual activity in everyday living.

RESTRAINING FACTOR

"Market growth is hindered by rising costs & cost of production"

The non-durable goods market has its weakness in the emerging costs of raw materials that cause a rise in the cost of production. This can result in high costs, which will in turn lower consumers’ demand. Also, the change in raw material prices can cause variation and variability of the manufacturing process costs and quantity.

OPPORTUNITY

"Market growth stems from rising eco-conscious demand"

A gap in the non-durable goods market, which implies growth, is that there is emerging concern among consumers and businesses that require non-durable goods to take an ecological approach to the production process and final item. Since issues to do with the environment are being highlighted in different corners of the world, customers are moving towards green products that are biodegradable, recyclable, and sourced from sustainable sources. This growing segment can benefit those firms that develop their portfolio to include sustainable choices, products, and practices; this will not only encourage new products but also customer loyalty. This trend portrays much prospect for development for the brands associated with green projects.

CHALLENGE

"Market growth faces challenges from rising costs"

The main weakness that may currently be observed for the non-durable goods market is the uncertainty of the raw material price that can greatly affect the cost of production. It also influences manufacturers’ capacity to maintain a stable price of their products and decrease their profit margin. Furthermore, growing costs mean that the prices of the products will also be elevated by an amount that price-conscious customers may not be willing to spend. Regulating such costs as well as balancing them with the standard of services or products is the major challenge faced by firms in this sector.

NON-DURABLE GOODS MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America is the largest non-durable goods market due to its high consumption level, well-developed infrastructure, and enhanced production facilities. The role of the United States non-durable goods market is crucial due to both the population and a great variety of consumers with their needs. As a result of the higher spending on the necessities, particularly on the food, hygienic products, and personal accessories, the US has a strong influence on the regional market development. Also, e-commerce advancement and sustainable products also strengthen the categorization that gives the US dominance within the sector.

• EUROPE

The Europe region is the largest player in the global non-durable goods market due to its appealing consumers and focus on quality products. The trend towards sustainable products in this region has led to the development of better packaging as well as a variety of products. Germany continues to emerge as the key market for the food, personal care, and cleaning products markets, with France and the UK also closely following. Besides, there is the effect of the growth of online retail stores in the European region, which has also increased the market for non-durable products, hence increasing the overall market growth.

• ASIA

Asia serves a large and growing population that props up the non-durable goods market, especially within the emerging markets of China and India. Growth in the purchasing power of the consumer and increased urbanization in the region have boosted the consumption of packaged foods, personal care products, and home products. Also, Asia has large manufacturing capacity to produce relatively inexpensive, non-durable goods for home consumption as well as for export. Other factors, such as market diversification towards Internet shopping and increasing awareness of healthy products, also affect the market growth of the region.

KEY INDUSTRY PLAYERS

"Market growth is driven by innovation, sustainability"

By promoting innovation, sustainability, and product differentiation, leading market members define the non-durable goods market. Tailor-made packaging and sustainable new packaging techniques make global business sustainable by fulfilling consumers' needs for convenience and healthy products. Marketing approaches, operations around the world, and their versatility concerning tendencies define market developments and clients’ demand across the sectors.

LIST OF TOP NON-DURABLE GOODS COMPANIES

• Nestlé (Switzerland)
• Procter & Gamble (U.S)
• PepsiCo (U.S)
• Unilever (U.K)
• Anheuser-Busch InBev (Belgium)

KEY INDUSTRY DEVELOPMENTS

June 2024, Procter & Gamble (P&G) commenced the sustainable cleaning products line of the ‘Tide’ selling recyclable packaging. This development has come at the right time, fed by the increasing consumer consciousness towards the sustainable non-durable goods market. P&G is such an important step in the efforts of the company for the reduction of its impact on the environment and enhancing the growing customer demand for environmental products.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The non-durable goods market is poised for a continued boom pushed by increasing health recognition, the growing popularity of plant-based diets, and innovation in product services. Despite challenges, which include confined uncooked fabric availability and better costs, the demand for gluten-unfastened and nutrient-dense alternatives supports marketplace expansion. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of non-durable goods. As customer choices shift towards healthier and numerous meal options, the non-durable goods market is expected to thrive, with persistent innovation and a broader reputation fueling its destiny prospects.